EVR Research LP Boosts Stock Holdings in World Kinect Corporation $WKC

EVR Research LP increased its stake in World Kinect Corporation (NYSE:WKC) by 23.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 740,000 shares of the company’s stock after purchasing an additional 140,000 shares during the quarter. World Kinect comprises 9.4% of EVR Research LP’s investment portfolio, making the stock its 2nd largest holding. EVR Research LP’s holdings in World Kinect were worth $17,338,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Clearstead Advisors LLC increased its stake in shares of World Kinect by 52.8% in the 3rd quarter. Clearstead Advisors LLC now owns 1,261 shares of the company’s stock valued at $33,000 after acquiring an additional 436 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of World Kinect by 8.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 6,397 shares of the company’s stock valued at $166,000 after acquiring an additional 503 shares in the last quarter. Lido Advisors LLC increased its stake in shares of World Kinect by 6.1% in the 4th quarter. Lido Advisors LLC now owns 10,504 shares of the company’s stock valued at $268,000 after acquiring an additional 608 shares in the last quarter. GF Fund Management CO. LTD. increased its stake in shares of World Kinect by 5.0% in the 4th quarter. GF Fund Management CO. LTD. now owns 16,135 shares of the company’s stock valued at $378,000 after acquiring an additional 771 shares in the last quarter. Finally, California State Teachers Retirement System increased its stake in shares of World Kinect by 1.4% in the 2nd quarter. California State Teachers Retirement System now owns 54,354 shares of the company’s stock valued at $1,541,000 after acquiring an additional 775 shares in the last quarter. Institutional investors own 97.06% of the company’s stock.

World Kinect Stock Performance

NYSE WKC opened at $31.14 on Thursday. The company has a fifty day simple moving average of $27.46 and a 200 day simple moving average of $25.79. World Kinect Corporation has a 12-month low of $22.21 and a 12-month high of $32.24. The company has a current ratio of 1.05, a quick ratio of 0.87 and a debt-to-equity ratio of 0.65. The company has a market cap of $1.60 billion, a P/E ratio of -3.05, a PEG ratio of 0.64 and a beta of 1.22.

World Kinect (NYSE:WKC) last posted its quarterly earnings results on Thursday, April 23rd. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.44. World Kinect had a negative net margin of 1.53% and a positive return on equity of 8.27%. The business had revenue of $9.69 billion during the quarter, compared to the consensus estimate of $9.29 billion. During the same quarter last year, the firm posted $0.48 EPS. World Kinect’s revenue was up 2.5% compared to the same quarter last year. World Kinect has set its FY 2026 guidance at 2.650-2.850 EPS. Sell-side analysts predict that World Kinect Corporation will post 2.79 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on WKC shares. Zacks Research lowered shares of World Kinect from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 2nd. Wall Street Zen upgraded shares of World Kinect from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Morgan Stanley lifted their price objective on shares of World Kinect from $25.00 to $26.00 and gave the company an “underweight” rating in a research note on Tuesday, May 5th. Finally, Weiss Ratings upgraded shares of World Kinect from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, May 14th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $29.50.

Insider Buying and Selling at World Kinect

In other World Kinect news, Director Paul H. Stebbins sold 20,828 shares of World Kinect stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $27.69, for a total transaction of $576,727.32. Following the transaction, the director directly owned 40,669 shares of the company’s stock, valued at $1,126,124.61. The trade was a 33.87% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Michael J. Kasbar sold 19,300 shares of World Kinect stock in a transaction on Monday, June 8th. The stock was sold at an average price of $30.17, for a total transaction of $582,281.00. Following the transaction, the chairman directly owned 1,021,450 shares in the company, valued at $30,817,146.50. This represents a 1.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 97,928 shares of company stock worth $2,773,265. 3.80% of the stock is owned by company insiders.

World Kinect Company Profile

World Kinect Energy Services, Inc (NYSE: WKC) is a global energy services company specializing in fuel procurement, supply chain management and risk mitigation solutions. The company offers an integrated platform that facilitates the sourcing, trading and logistics of refined fuels, natural gas, liquefied natural gas (LNG) and renewable energy products. Its services are designed to help industrial, commercial and institutional clients optimize energy costs, comply with environmental regulations and manage price volatility.

In addition to traditional commodity trading and delivery, World Kinect provides a suite of value-added services that include carbon offset and decarbonization strategies, energy efficiency consulting and emissions reporting.